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In India,7.3% of the population owned digital currency in 2021, 7th highest in the world: UN

In India,7.3% of the population owned digital currency in 2021, 7th highest in the world: UN

by AIP Online Bureau | Aug 11, 2022 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

“If cryptocurrencies become a widespread means of payment and even replace domestic currencies unofficially (a process called cryptoisation), this could jeopardise the monetary sovereignty of countries,” UN said Ukraine topped the list with 12.7 per cent, followed by...
Wage Revision: PSU general insurance industry unions stick to their demand of pay parity with LIC

Wage Revision: PSU general insurance industry unions stick to their demand of pay parity with LIC

by AIP Online Bureau | Aug 11, 2022 | Indian News, Non-Life, Policy

“Pay scales offered to us as on 01st August 2017 with loading factor of 10 per cent put us in most disadvantage when compared to those granted to LICI and ECGC,’’ said unions in their letter to Suchita Gupta, chairperson of GIPSA, the official coordinating...

Pakistan: Karachi among world’s worst places to live

by AIP Online Bureau | Aug 11, 2022 | Facts, Health

Austria’s capital Vienna topped the list of top 10 places to live in the world. Vienna held the top position in 2018 and 2019 as well. Islamabad: Karachi has yet again made it to the list of worst cities to live in the world in 2022, according to the Global...

PB Fintech loss widens to Rs 204 crore in Apr-Jun

by AIP Online Bureau | Aug 11, 2022 | Indian News, Intermediaries, Technology

The company in its financial performance report said that its insurance premium segment grew by 52 per cent to Rs 2,430 crore in June 2022 quarter from Rs 1,594 crore in the June 2021 quarter New Delhi: PB Fintech, the parent firm of online insurance broker...
New India’s net profit rises 32 % to Rs 118 crore in Q1FY23

New India’s net profit rises 32 % to Rs 118 crore in Q1FY23

by AIP Online Bureau | Aug 10, 2022 | Indian News, Non-Life

“After a challenging FY22, Q1FY23 saw a turnaround with the company’s results improving considerably compared to the previous quarter. The gross written premium growth at 6.5 per cent was low as the company took several proactive steps to strengthen the...
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